U.S. inflation rate in 1835: 2.33%

Inflation Calculator

Inflation in 1835 and Its Effect on Dollar Value

Purchasing power decreased by 2.33% in 1835 compared to the previous year, 1834. On average, you would have to spend 2.33% more money in 1835 than in 1834 for the same item.

In other words, $1 in 1834 is equivalent in purchasing power to $1.02 in 1835.

The 1834 inflation rate was 2.38%. The inflation rate in 1835 was 2.33%.
The 1835 inflation rate is higher compared to the average inflation rate of 1.85% per year between 1835 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1835 was 8.8.
It was 8.6 in the previous year, 1834. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.

$1 in 1834 has the same "purchasing power" or "buying power" as $1.02 in 1835.

To get the total inflation rate for the 1 years between 1834 and 1835, we use the following formula:

CPI in 1835 - CPI in 1834CPI in 1834

×

100

=

Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.8 - 8.68.6

×

100

=

2%

News headlines from 1834

Politics and news often influence economic performance. Here's what was happening at the time:

Slavery is abolished throughout the British Empire.

Stephen F. Austin is imprisoned in Mexico City.

President Andrew Jackson, orders the first use of United States troops for suppressing a labour dispute.

Data Source & Citation

Raw data for these calculations comes from
the Bureau of Labor Statistics'
Consumer Price Index
(CPI), established in 1913. Inflation data from 1665 to
1912 is sourced from a historical study conducted by political science
professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page:
“Inflation Rate in 1835 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1835.